Whether you are hiring an exempt or non-exempt employee, money has always been a dominant factor in determining who a candidate will choose to partner with for their employment. Depending on the operation and culture of your company, this can be in your favor for top talent or against you.
The business world is an ever-changing landscape with new trends that emerge at seemingly the blink of an eye. From a landline and fax machine to the cell phone, internet and email, the way we do business has changed forever. What was once a nine to five schedule is now a fluid day from before sunrise until after sunset. However, the way that we are compensated has remained, for the most part, constant and bland. Getting creative with your total compensation package can help give you an advantage for recruiting and retaining key players.
Consider some of these options for your total compensation package to enhance your brand, culture, and help give you an upper hand with your talent:
- Goal oriented bonus structures
- Flexible scheduling
- Work from home scenarios
- Signing bonus
- Continuing education classes and/or tuition reimbursement
- Paid parking
- Team lunches
- Retirement plans
- Paid gym membership
This, of course, is not an exhaustive list. Feel free to call us for help.